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of here. good morning. lack of progress on fiscal cliff talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while the hang seng fell half of a percent. the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the bangladesh garment factory where 112 people were killed produced clothes for disney and walmart and sears. the ap discovered clothing and records connected to the retailers inside the remains of the factory. walmart says it stopped doing business with the factory after learning the facility was deemed high risk. this morning three factory officials were arrested on suspicion they locked the workers inside the building. the surge in cyber monday shopping on monday means big business for shippers. federal express expects to deliver 280 million packages during the holiday sea
. >>> new this morning, congress continues to try to avoid the so-called fiscal cliff, new poll reveals what americans believe should be done. the poll finds that 60% of americans believe taxes should be raised on the wealth this however, the poll also found support is largely based along it logical lines, 73% of democrats approve, 63% independents in favor [ unintelligible ] >>> the woman who could be the next secretary of state is feeling the heat on capitol hill. ambassador rice will be back today trying to appease republican leaders. rice met privately with senators mccain, graham and ayott yesterday they say she misled the public. in the days following rice placed blame on an anti-muslim video the administration said it knew the attack was the work of terrorists. >> concerns i have are greater today than they were before. we are not even close to getting the basic answers. >> the focus on some might say, obsession on, comments made on sunday shows, seems to me, and to many, to be misplaced. >> president obama has not yet announced who he will nominate for secretary of state. >>> 6:18 in
: good morning. well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend starting on thanksgiving. sales rose nearly 3% to $22 billion compared to last year. >>> and the surge in cyber monday shopping means big business for shippers. fedex says it expects to deliver 280 million packages during the holiday season. to handle the extra work, fedex has hired about 20,000 seasonal employees. guys, i got my first package yesterday on the front step and i had to run upstairs and hide it before anyone could see what it was. >> oh, nice. >> it begins. >> it does. >> are you a big adele fan? >> yes. i am a big adele fan and apparently she's doing pretty good right now. according to nielsen so
one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting initiating a $7 a share payout on top of the regular dividend. >> and a shake-up at groupon. the board may be considering co-founder being released. >> there's powerball fever. 500 million big ones in the pot. how would you spend the money and how does the fiscal cliff factor in? we'll talk strategy with a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are falling with signs there are troubles with negotiations on capitol hill. a market credible deal to solve the cliff is key to economic growth. >> that annual growth idea, that prospect is real in my view if we actually did get a market credible $4 trillion plan. the markets would realize those guys can govern.
. >>> dangerous times how the fiscal cliff could affect people in california, stay tuned for ktvu channel 2 morning news. this is ktvu channel 2 morning news. >>> good morning, thank you for joining us this wednesday november 28th, i am pam cook. >> weather is changing and we are on storm watch right now and we have the first of several storms roaring into the bay area and expect rain and strong winds happening now. we have live team coverage and our crews are in san francisco who are at the richmond san rafael bridge. tara moriarty is watching the morning commute, where is that storm, we can feel it, right? >> now some of the heavier rain, we have to go back here but some of the heavier bands are beginning to inch into the north bay and you can see northern county as well as rushing river, we will keep an eye on that because it will be one of the focuses of the heavier rain nothing too bad yet but up into mendocino county, there will be heavy duty rainfall totals and so far there are only 3 / 100s for the south bay. coming up, mark is live at the richmond san rafael bridge, it lo
the fiscal cliff. let's listen. >> good morning, everyone. in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table but it's time for the president and democrats to get serious about the spending problems that our country has. but i'm going optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> good morning. you know, i was heart
day we'll be focusing on a specific aspect of the fiscal cliff. this morning the focus was on the extension of the so-called bush-era tax cuts. harold: we're going to look at the bush era income tax cuts. the ones passed in 2001 and 2003 and then again in 2010 under this administration. joining us to discuss this today is zach of "the washington post." if i could just begin with when did the bush income tax cuts take effect, what were the years and why? what was happening? guest: the bush tax cuts originally took effect in 2001 and 2003. and they mainly involved cuts in regular income tax rits as well as investment income rates and the idea was basically twofold. one was at the time it's hard to believe now, but at the time we had projected huge surpluses because of the strong economy of the 1990's and the deficit reduction plans that had been put in place in the 1990's. so basically the government had the choice of do we spend that money on social programs or do we return it to taxpayers? and the bush administration and others decided we're going to return that money t
. >> this morning we'll ask amy klobuchar about the fiscal cliff and about the growing number of women in congress. but right now, dr. holly phillips says the old real estate mantra location, location, location may apply to your health. >> good morning today in health watch your neighborhood and your health. how you feel about your neighborhood can play a big role iryour physical health. a new study finds people who like their community or feel that it's improving have better physical health than those who don't like where they live or feel like it's getting worse. researchers polled more than 300,000 americans over the age of 18. people who said they were satisfied with their neighborhoods scored a 78 on a physical health index compared with 69 for those who were dissatisfied. people who felt like their neighborhood was improving scored a 79 on the health index compared to 70 for those who felt their community was getting worse. now the findings support a newly popular ecological finding of life. previous studies found people who feel safe walking outside in their neighborhoods have a 50% lower c
the money and run. whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a water main break caused this mess along several streets in daly city november 13th crews have been going around the clock to shore up parts of that hill to keep debris from flowing into the neighborhood daly city has spent almost half a million dollars to repair the damage. >>> in iraq residents of a baghdad neighborhood are cleaning up following a car bombing the blast killed five on a day when insurgents launched taxes against security forces and civilians in central and northern iraq yesterday, 30 were killed, dozens wounded. >>> in egypt several hundred protesters continue to clash with police in cai
this morning to talk about the fiscal cliff and what they will do and not do. no sign of them talking to each other, which is he the first sign of negotiations. this is a new hour of "america's newsroom." good morning to you. bill: good morning to you. i'm bill hemmer. martha: i'm martha maccallum. bill: the division not a good sign for a deal any time soon. we have six weeks on the calendar before the deadline. we are waiting to see if the two sides are moving away or toward one another. have a listen. >> could cut $600 billion more out of the federal government and no one would know the difference except for the people employed by the programs here in washington. >> remember we've already done more than a billion dollars worth of cuts. we need to get credit for that in these negotiating has take place. martha: i'm wondering about that, right. here is chief congressional correspondent mike emanuel live from capitol hill. where are we going to get on this today, mike. >> republicans clearly feel like too much of the discussion in washington related to the fiscal cliff has been about increasin
or twitter, or email us at mornings@cbs5.com. >> still no deal on capitol hill to avoid that "fiscal cliff" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her stro
and then later our news maker of the morning warren buffett, his fiscal cliff advice to washington all coming up at 8:00 eastern time this morning. le an] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment
. >>> on to the "fiscal cliff" drama now where high hopes for a bipartisan solution are slipping a bit in washington. as susan mcginnis reports from capitol hill, democrats and republicans seem to be drifting apart again. >>> reporter: it's a short drive up pennsylvania avenue from the capital to the white house. but congressional republicans and president obama are getting farther apart in their efforts to keep the nation from veering off the so-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their idea
morning, everyone. >> good morning. >> going over the fiscal cliff will hurt our economy and will hurt job creation and our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one of the reasons why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. and we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had the spending crisis coming at us like a freight train, and it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. but i'm going to be optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> good morning. you know, i was heartened to see
20 minutes, senator dick dur bin on the so-called fiscal cliff. on "washington journal" this morning, we'll hear about the investigation into the attacks in benghazi, libya that killed four americans. the rest of the program will focus on the so-called fiscal cliff and income tax rates. "washington journal squts live on c-span every day at 7:00 a.m. eastern. >> some of our live coverage coming up this morning. politico and the discussion of the so-called fiscal cliff with grover norquist. and at 9:00 eastern on c-span 3, discussions on the 1990 budget deal featuring tom foaly and former white house chief of staff john sununu. and a hearing on amtrak operations at 10:00 a.m. eastern. witnesses include the president of amtrak and a representative of the united transportation union. >> washington worked his way up. went to harvard law school and at the urging of one of his brothers immigrated out west to virginia. he arrived after about a month's journey by ship, by stagecoach, by train and arrived in this -- on steamboat in this muddy, mining town, boarded himself in a log cabin. estab
allen. has a look at the playbook. >> good morning, guys. >> let's talk fiscal cliff. your lead story this morning on the white house new strategy to attack the fiscal cliff calling it kind of a road show. i guess the opposite of the way they've negotiated inside with john boehner and others on past deals. >> yeah, the president feels he has very strong cards here and one of the strategies of the white house is that if we go over the cliff, if all those tax cuts are allowed to expire, the president has real ways to extract pain from the republicans. polls already show people are more likely to blame republicans and here's something very important. republican leaders know that. joe scarborough writes on politico right now that when eric cantor, the number two house republican was there on your set, that he noticed a different tone from him and seeing more and more signs of that as the week goes along, the republican leaders recognize that the president has an inaugural address, a state of the union address and a lot of high-profile ways to pin the blame on them and so today we have thi
>>> good morning. i'm chris jansing. two big showdowns today on capitol hill over the fiscal cliff and ambassador susan rice. both of these have been escalating, and on the fiscal cliff especially the clock is definitely ticking. let me give you a rundown of what's happening in the next couple hours. first, ambassador rice is meeting with two republican senators today. right now she's in with susan collins of maine. later she'll meet with bob corker. yesterday, too, she was on the hill defending herself over her comments following the benghazi attack, but the gop leaders only seemed more entrenched in their opposition. in addition, anytime now house democrats and house republicans will hold separate news conferences to talk about their closed-door meet ings on the fiscal cliff. at 11:30, president obama will make remarks at the white house surrounded by middle class americans who he says would see their taxes go up if congress can't make a deal. later he's hosting big business leaders to talk about ways to cut the deficit. joining me to talk about this, "washington post" political
the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. politico reported this morning president barack obama made a demand of how john boehner near the end of their first white house meeting on the fiscal cliff, raised the debt limit before year's end. boehner responded, quote, there is a price for everything. boehner told president obama at the white house that the debt limit increase is quote my leverage. although he added that he's flexible on when it should be done. senator durbin said today that raising the debt ceiling must be part of any deal with republicans. >> i also think that the president isn't going to sign off on any agreement that doesn't include some certainty as to budgets, appropriations, dealing with our debt ceiling. we're not going to find ourselves with some big party celebrating in february and then turn around and march and have another doomsday scenario with the debt ceiling. >> the man who until this week was the most powerful person in washington who did no
, social security, and otherwise as a separate issue from the fiscal cliff. house leader eric cantor speaking this morning in washington about that very issue. i want you to listen and we'll talk about it on the other side. >> we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning there's been no serious discussion by the white house on entitlements, on medicare and medicaid. >> is that where the conversation starts and stops to really make a dent in the deficit over the long term and the issues that we have? >> to make a dent in the deficit, i don't believe it starts and stops there, but i think there is no discussion about reducing expenses, government expenditure, without addressing social security and medicare. absolutely entitlements are on the table. we've made promises of benefits that we just cannot keep as a country over the long term. >> doesn't seem as though we're willing to deal with that issue.
-- if you want to put your thoughts on our facebook page. in other news, on the fiscal cliff talks, i want to show you the headlines and what is happening in washington. we told you at the top, the negotiators are going public. president obama will go outside washington as well as republican leaders to press their case to the american people what they want in the stocks. but here's the baltimore sun this morning with the headline -- yesterday recovered to the speech that he gave. he says to put everything on the table. that's what the number two democrat said yesterday. if your interested in watching the whole thing, go to our video library. and the new york times reporting this this morning -- so that is the latest republican who has talked about breaking the grover norquist pledge on taxes. also, this morning, ceo's meeting with president obama yesterday, business leaders meeting with republicans as well. toth sides gathering ceo's talk about what they would like to see in the fiscal cliff tops. and in the washington post editorial -- also, "usa today" says -- you can look it up on presi
to talk this morning about entitlements. should they be off the table in these fiscal cliff negotiations? can there be a deal any other way? we'll look at that with the assistant majority leader senator dick durbin joining us, former governor tim pawlenty, christine todd whitman also our guests this morning. plus protesters showed up naked, look at that. that's house speaker john boehner's office. they were demanding on a serious front demanding funding to fight aids. >> oh, my goodness. >> seven of them will be joining us, fully clothed i'm hoping, to talk about what sparked their protest, what they're hoping to gain, plus she sold 100 million records in a decade. a career that spanned five decades, dionne warwick is our guest. going to talk about her new album, my father is in love with dionne warwick so he'll be all excited about that. much more coming up this morning on "starting point." >> did you invite your father in? >> he can watch it on tv. of course. >> we'll be getting up -- >> oh, my gosh, soledad. thanks. >> you bet. >> black ice and snow causing some trouble after yesterda
, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decade and that's cbo forecasts. if that occurs, you're talk about the debt getting more and more out of control. because the u.s. is the global reserve council, it's reliant on global reserve investment. >> just want to make sure that people have enough treasuries to trade. that's all it's about, charles. isn't that very generous? >> it is very generous. but left unaddressed, the fiscal problem is beginning to be a problem. but equally they don't want the full hit at this stage. so it is a matter of coming to some compromise, so you are going to have to see some kind of adjustment on the taxation side. that is what everyone
." >>> president obama ramps up the sales pitch on his fiscal cliff picks. will public pressure push republicans into a deal. one leading house republican who happens to be a former pollster takes a very vocal position on what he thinks his party needs to do and to do now. >>> u.n. ambassador susan rice's attempt to smooth things over doesn't go over as well as she or the white house would have liked. guess who stepped out to vouch for her. none other than a retiring amigo, senator joe lieberman. >>> and new numbers on a hypothetical matchup for 2013 that would be sure to get some votes. what would happen if cory booker took on chris christie. that's not the only big 2013 news this morning on the campaign front. good morning from washington. it's wednesday, november 28, 2012. this is "the daily rundown." i'm chuck todd. right to my first read of the morning. so is washington just running out the clock until about ten days before christmas when everyone smells the jet fuel and gets ready to cut a deal to avoid the so-called fiscal cliff? some days it feels that way. the president is stepping up h
liberal organizations to discuss the fiscal cliff. and here is how the "washington post" characterized the meeting and some of the groups there. one person at the meeting which included people from the afl-cio asked me, seiu, moveon and others came away convinced that the white house would ultimately prove willing to go over the fiscal cliff if necessary. rather than give ground on core demands. though this is not by any means a desired option and isn't being discussed as a strategic possibility. what was discussed was decoupling the spending cuts and the tax increases. the president talked about it. so did jay carney at the white house briefing. the panel. steve hayes for the "weekly standard." kirsten powers, columnist for the daily beast. syndicated columnist charles krauthammer. okay, steve, it seems with republicans splitting that would be a nonstarter. >> yeah. i would think it would be a nonstarter. one of the very few things that democrats could do at this point to get republicans to run away from the table. i think that republicans came up the day after the election and said l
very reasonable. >>> call them fiscal cliff spikes and dives, will the market swings continue tomorrow morning? we've got three top money pros to weigh in next. >>> and we're keeping an eye on the closed-door meeting at the white house between president obama and ceos to tackle the fiscal cliff. there's a look at the white house right there live as you're watching cnbc first in business worldwide. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade
on fiscal cliff and the state of the u.s. economy. >>> other top stories for you this morning, former senator and presidential candidate bob dole expected to be discharged from a washington's walter reed army medical center today. an aide says the 89-year-old checked himself into the hospital for a routine procedure and that he's doing well. you might want to put down the pork chop. a new study from consumer reports found 69% of raw pork products in u.s. supermarkets are contaminated by a foodborne bacteria that can cause fever, cramps and intestinal bleeding. researchers say it means we need better hygiene in animal plants. the pork industry questions the methods used in the study. >> wow. >> cook your meat. >> we eat a lot of bacon on this show. >> the country does or you and i personally? >> the country does. and then you and i personally. >> yeah. >> eat a lot of bake be. awe should microwave it before we -- still ahead this morning on "starting point," might be another stand your ground case to tell you about in the state of florida. teenager shot and killed. the murder suspect s
. they are headed to the white house today weighing in negotiations over the fiscal cliff as the president tries to pick up outside support for his proposed tax increases. doug luzader joins us live from washington with more. hi, doug. >> ainsley good morning. business leaders are pleading with the white house to come up with some kind of a deal to assert spending cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress ac
a baby was inside, we will tell you what leads police have. >>> and how the fiscal cliff could affect long-term benefits here in the golden state, it is all ahead on the ktvu channel 2 morning news. >>> this is ktvu channel 2 morning news. >>> good morning, thank you for waking up with us this morning november 28th, i am pam cook. >> we are on storm watch this morning, the first of several storms will roar into the bay area, you should expect strong winds and we have team coverage for you. ktvu channel 2 morning news tara moriarty is watching the traffic and it is the first for you. where is the storm system now. >> right off the coast. it is producing some light rain and it is coming in, in about two hours and the heavy rain is offshore. it is merging and it is going to pack a pretty good punch here. it looks like it is heading towards the marin coast and we will keep an eye on it and the focus will be the rushing river and for now let's to go to mark, i think this is the first time we have worked together, how are things at the san rafael bridge. >> yes, it is an honor. we have had
with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk about, coming up. >>> plus, toxic chemicals in the living room. new study by bay area researchers on how widespread they are. >>> power ball jackpot keeps getting bigger we'll tell you how far californians a
. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk about, coming up. >>> plus, toxic chemicals in the living room. new study by bay area researchers on how widespread they are. >>> power ball jackpot keeps getting bigg
on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that is important to america's credibility. it is important for america's economy and economic growth. that plan has to be balanced, and that means significant revenues and that paying has to go around. that means the wealthy and well- off have to pay their fair share as well. these should not be new issues. they are ones that were debated. they came up in every debate -- even the foreign policy debate. the ameri
come next year alone for the average family of four if the nation is to go over the fiscal cliff. you know, there was one republican, you talked about the glimmers of hope for a compromise. it's tom cole of oklahoma who was quoted yesterday and this morning saying, you know what? let's go along with the president. you heard the sound bite. the president once again calling for congress to pass a tax cut for everybody making under $250,000 and come back to the rest later but the problem is, tom cole doesn't have the votes and neither does john boehner even if he wanted to put that on the floor so the goal of the pr campaign, the machinery kicking in to gear at the white house is to turn the voettes, get votes. swing counties, you know, the election may be over but the campaign continues. there are republicans around in these counties around philadelphia, three of the four districts, as a matter of fact, who can be counted only as swing voters in the house of representatives and that's the battleground where the fight is playing out, steve. >> okay. thanks as always. >>> now bringing in
the fiscal cliff. instead, as alison burns reports, he's once again, taking his pitch to the public. >> reporter: that's right, tori. instead of negotiating directly with republicans, president obama's schedule includes more public outreach. he will be speaking in 15 minutes from the white house. the headline on the official website asks for public feedback and the obama website is now dominated by details about the president's plan to avoid the fiscal cliff. he wants to extend middle class tax cuts. but raise money on the wealthy. he meets with families and middle classers today and house speaker john boehner said, he and both president obama want a deal. >> this is not good for our country. it's as simple as that. you know me. i'm an optimist. >> reporter: they are promoting a reference to the middle-class tax increase if the bush era tax cuts are not extended. >>> new this morning, we're learning that mitt romney is going to the white house tomorrow. president obama is going to have a private lunch with his former rival to make good on a promise the president made in his victory
. >> thanks. >> we have more heavy hitters coming up on the fiscal cliff on msnbc throughout the next day. next hour on "now" with alex wagner, she'll speak with senator patty murray. at 1:00 p.m., debt commission co-chair allan simpson joins andrea mitchell. e your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your
it this morning. investors, increasingly worried about that so-called fiscal cliff, of tax increases and spending cuts, looming at year's end. today, that and president obama will meet with a group of middle-class americans, hoping to convince congress to protect tax cuts for families earning less than $250,000 per year. >>> it will be another tough day of questioning for susan rice, the likely nominee to replace hillary clinton as secretary of state. rice, facing critics for a second-straight day. they say she misled the public after the attacks in libya. rice said she was using the cia information available to her at that time. but after talks yesterday, republican senators, including john mccain, say they are even more troubled, now, about rice's responses. >>> and after the repeal of the don't ask/don't tell ban on gays in the military, four women are challenging the ban on women in combat. their lawsuit claims the 1994 rule keeping them out of ground combat also unfairly blocks them from promotion. it comes as officers are on aer is survey, asking if women would be a distraction in combat op
morning, everybody. well, as the fiscal cliff and two sides seem to be digging in, we've got senator imhoff and others to battle it out. and peter king on susan rice. the most important question for the potential secretary of state may be what does she really believe about the threat of al-qaeda? bill and i will see you on that and much more at the top of the hour [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. >> brian: he's one of country music's hottest new artists with his debut album hitting number one in the charts. thanks to this single "cowboys and angels." >> steve: now country singer dustin lynch is out with his second single and he joins us live in just a moment. you'll be performing "che cranks my tractor, which is the perfect song for the holidays. >> definitely is. the video is perfect also. >> steve: was that tease accurate? you got
of the fiscal cliff worries. we actually got a smaller than expected build and oil. we have a negative and oil. that normally would have normally been very, very bullish. it was huge. almost 3.68 million barrels. what is happening here is we saw a drop of 1.5 billion barrels. they could not get into new york harbor. they are showing up on shore in a big way. back to you. dennis: thank you. cheryl. cheryl: this could cost tens of thousands of jobs. dennis: toyota takes it turned out the auto show. first, let's take a look at the world currencies and the u.s. dollar. ♪ this is america. we don't let frequent heartburn come betweeus and what we love. so if you're o of th people who gets heaeartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill chmorning. 24 hours. zero heartbur dennis: a new tax on medical equipment makers revenues. nonprofits, revenues. it has a medical community and an uproar. elizabeth macdonald is here with more. >> we have 800 companies that send a letter to senator harry reid saying, lo
the so-called fiscal cliff and debt and deficit reduction. mr. norquist said no for promoting his no new taxes pledge to gop lawmakers. politico's chief white house correspondent mike allen will lead off the discussion with issues of questions. we expected to get underway in just a moment like you on c-span2. -- live here on c-span2. [inaudible conversations] >> thanks for coming out. this is two weeks in a row. [inaudible] we appreciate your being here. we are excited to have grover norquist, president of americans for tax reform. welcome all. [inaudible] people who are following us on twitter, tweet us at hash tag -- [inaudible] we will take questions. we want to thank bank of america supporting these series, these issues. those that matter most to us. today we're going to talk about a very important issue -- [inaudible] we appreciate bank of america. [inaudible] we would love to take your questions. i would love to bring up grover norquist. good morning, grover. [applause] >> thank you very much. thank you very much for coming out. [inaudible] look, here's the challenge. group the rep
morning. i wanted to ask your guest a question about how this affects taxes in fiscal cliff discussion as far as being businesses that it is part of being an integrated structure being funded by the government to keep them in tact. guest: infrastructure? is that the case here? caller: correct. guest: if you look of the way that we're talking about that kind of investment, it comes down to whether or not government spending or government's investment in those industries are for the greater good. obviously, there have been times in industries when massive amount of spending on things like structural projects have gone a long way towards improving economy. right now, what is happening in china, it is the same thing. they are investing heavily in infrastructure, roads, roadways. if you look at the way those investments can pan out, whether or not it is private investment will be a huge part of utilities, infrastructure, that will be a hotly debated topic and will speak to whether or not this country needs a huge amount of stimulus with regards to spending in that way. what we do know is we
of this capitol hill fiscal cliff debate but i'm not sure markets are getsing this right. listen to the speaker boehner sound bite that rallied the market earlier this morning. then on the other side i want to explain what he was actually saying there. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> now the market rallied on boehner saying he was optimistic. we saw a nice little balance in the dow jones after those comments came automatic. but the markets should not necessarily be rallying on everyone of these statements because lot of them are simply boiler plate, place holder kinds of statements that members of congress typically make. speaking of people up here on capitol hill, i also talked to goldman sachs ceo lloyd blankfein who told me or not way into the meetings today of what his vision is what the deal should actually be cut should look like. >> you don't want to burden people who are the least able t
. satisfaion guaranteed or your money back. megyn: fox news alert new fallout from the fiscal cliff talks. the white house facing tough questions about what's really on the table when it comes to a big deal with republicans. i'm megyn kelly. we detailed the report last hour from an influential political blogger how some union reps and progressive groups held a private meeting with white house senior officials yesterday. these groups were told not to worry about entitlement reforms or big budget cuts as part of this deal. ed henry asked the white house, are federal spending cuts part of this package or not? >> when asked about pressuring democrats you said he vowed to do that in the future. >> he has done it in the past and he will do it in the future. he committed every time he talks about this to a balanced approach that includes -- revenues, spending cuts and savings through entitlement reforms. megyn: ed henry joins us now fresh from the exchange with mr. carney. what happened there? >> reporter: it's a big story that's developing. all along there has been an assumption on both sides t
will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called for higher education standards in the u.s. deliv
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